How do I configure the financial year closing in Deskera Books?

During the financial year, at any time if you'd like to close your books in Deskera Books, you can follow the step-by-step guide below.

Refer to the steps below to close your books:

1. Login to your Deskera account.
2. Click on Switch To button at the bottom left of the screen.
3. Select Deskera Books.
4. This action will direct you to Deskera Books Main Dashboard.
5. On Deskera Books Main Dashboard, click on the Accounting tab via the sidebar menu.
6. Click on the Financial Year Closing option.
7. Click on the setting icon at the top right to configure the closing frequency.
8. Choose the closing period and the retained earning account. Click on the Save button.
9. Next, click on the close period.
10. A pop-up will appear. Indicate the period name, the year of closing period, and the period. Click Ok button.
11. Next, enable the checklist to close your books for the items stated above for recording purposes. Click Next.
12. You should be able to preview the journal entry entries for books' closing as per the period indicated. Click Save.
13. Once you have closed the books, please note that all the transactions and documents are locked. You cannot edit, create or delete the transactions or documents in the closing period. Click Got it button to proceed.

To know more about this, refer to the article shared below